David Cullinane (Waterford, Sinn Fein) | Oireachtas source

I thank the witnesses for appearing before us on a voluntary basis. I also thank them their opening statements and for being in a position to help us with our work in this area. I will start with Dr. McManus and develop some of the points he made in this opening statement on how approved housing bodies are funded. He spoke of the changes in 2010, I think it was, to a mixed funding. AHBs, however, are funded first of all by a 30% upfront capital loan. That is the capital allowance loan facility, CALF, which comes from the State. The other 70% is then financed by the approved housing bodies themselves. That can come from other borrowings, the Housing Finance Agency or a combination of both. How does it work normally or what is the popular model?